Wins including 2012 athletes village and Pembroke power station lead to predicted revenue of £300m
John Sisk bagged £200m of contract wins in the second half of 2009 and is heading for a £300m turnover in 2010, almost double the current level.
John Sisk, the UK operating arm of Irish firm Sisk, predicted a turnover of £300m in 2010 in a trading statement this week, a huge increase from levels in 2009 (£161m) and 2008 (£226m). The statement also revealed that the firm recorded a £1.5m pre-tax profit in 2009, compared with £2.5m in 2008.
The firm said it is chasing “major projects and civils capabilities” and has “leveraged group capability” to achieve the £300m target. Work secured recently includes the £48m A477 job in Pembrokeshire, the £78m Athletes Village at the London Olympic site and the £44m Pembroke Power Station.
Paul Wilson, managing director of the firm, said: “Our continued investment through 2009, with the support of our parent the Sisk Group, will enable us to deliver larger value and civils projects. This investment is paying dividends already and, as a consequence, we expect to deliver a significant growth in turnover to £300m this year.”